VANCOUVER — Canfor Corp. says it has signed a deal with an affiliate of Domtar Corp. to buy its El Dorado lumber manufacturing facility in Arkansas for US$73 million.
The facility in Union County, Ark., produces dimensional lumber and specialty wood products.
Canfor says it expects production capacity at the mill to increase to 175 million board feet per year after planned upgrades.
The deal came as the forestry company reported a loss of C$64.5 million or 54 cents per diluted share for the quarter ended March 31 compared with a loss of C$142.0 million or C$1.17 cents per diluted share a year earlier.
Sales totalled C$1.38 billion for
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